Bea Johnson, the owner of the Bea Nice boutique, estimates that when a particular kind of perfume
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Bea Johnson, the owner of the Bea Nice boutique, estimates that when a particular kind of perfume is priced at p dollars per bottle, she will sell
bottles per month at a total cost of C(p) = 0.2p2 + 3p + 200 dollars
a. Express Bea’s profit P(p) as a function of the price p per bottle.
b. At what rate is the profit changing with respect to p when the price is $12 per bottle? Is profit increasing or decreasing at that price?
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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